Federal Reserve donates to Hillary Clinton, Ted Cruz campaigns

The Fed has contributed $18,000 to Clinton’s campaign altogether

Is the Federal Reserve politically independent? Ha! When someone says the United States central bank is independent of politics, everyone should just laugh hysterically. It couldn’t be further from the truth. Everything the Fed does is based on politics, and it has been since its inception. From budget deficits to funding of government programs, the Fed is there to bail out administrations, both Republicans and Democrats.

The question of the Fed’s independence from politics has come under the spotlight after it was revealed by the Federal Election Commission (FEC) that Federal Reserve Governor Lael Brainard has donated $750 to the presidential campaign of Hillary Clinton between November and January. It isn’t surprising due to the connection: her husband, Kurt Campbell, previously served under then Secretary of State Clinton as assistant secretary…